Instructure (INST) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Instructure (NYSE:INST) from a buy rating to a hold rating in a research report released on Thursday morning.

INST has been the subject of several other reports. Raymond James dropped their price target on Instructure from $55.00 to $50.00 and set a strong-buy rating for the company in a report on Wednesday, October 3rd. Citigroup dropped their price target on Instructure from $55.00 to $50.00 and set a buy rating for the company in a report on Wednesday. DA Davidson assumed coverage on Instructure in a report on Wednesday, August 29th. They set a buy rating and a $47.00 price target for the company. Macquarie cut Instructure from an outperform rating to a neutral rating and set a $41.00 price target for the company. in a report on Thursday, July 19th. Finally, Needham & Company LLC lifted their price target on Instructure from $50.00 to $58.00 and gave the stock a buy rating in a report on Thursday, July 26th. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $46.60.

Shares of INST traded down $1.06 during mid-day trading on Thursday, reaching $36.00. The company’s stock had a trading volume of 631,091 shares, compared to its average volume of 811,921. Instructure has a 1-year low of $29.48 and a 1-year high of $49.17. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -20.93 and a beta of 0.59.

Instructure (NYSE:INST) last released its quarterly earnings results on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.26. The business had revenue of $55.24 million during the quarter, compared to analysts’ expectations of $53.93 million. Instructure had a negative return on equity of 49.49% and a negative net margin of 24.15%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) EPS. As a group, analysts forecast that Instructure will post -1.4 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Instructure by 3.6% during the second quarter. Public Employees Retirement System of Ohio now owns 39,276 shares of the technology company’s stock valued at $1,671,000 after purchasing an additional 1,364 shares during the last quarter. Raymond James & Associates grew its stake in Instructure by 7.5% in the 2nd quarter. Raymond James & Associates now owns 22,019 shares of the technology company’s stock valued at $937,000 after acquiring an additional 1,531 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Instructure by 121.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,701 shares during the last quarter. Gagnon Advisors LLC grew its stake in Instructure by 1.7% in the 2nd quarter. Gagnon Advisors LLC now owns 121,669 shares of the technology company’s stock valued at $5,177,000 after acquiring an additional 2,070 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in Instructure by 8.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,652 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 2,210 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Instructure

Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K–12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K–12 schools.

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